OKABE CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 5%, July-September Ordinary Profit Decreases by 3%

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Tue Nov 12, 2024 3:30 pm JST Earnings

5959 OKABE CO., LTD. 【J-GAAP】

Earnings Report

OKABE CO., LTD. <5959> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 5.3% from the same period last year to 3.36 billion yen. However, The progress rate against the 4.4 billion yen full-year plan was 76.5%, almost the same as the five-year average of 75.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 38.1% from the same period last year, reaching 1.03 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.43 billion yen, a 3.3% decrease compared to the same period last year. However, the operating profit margin improved from 6.8% in the same period last year to 7.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	56,444	3,920	4,080	3,187	67.2	74.6	Oct 28, 2022	J-GAAP
Jan - Sep, 2023	58,162	3,419	3,553	745	16.1	82.6	Oct 27, 2023	J-GAAP
Jan - Sep, 2024	49,623	3,158	3,364	2,332	50.5	76.5	Nov 12, 2024	J-GAAP
YoY	-14.7%	-7.6%	-5.3%	+213.0%	+213.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	40,131	2,040	2,229	-5,356	-115.7	12.50	Feb 19, 2024	J-GAAP
Jul - Dec, 2024 Guidance	38,187	2,330	2,466	1,461	31.6	15	Jul 26, 2024	J-GAAP
YoY	-4.8%	+14.2%	+10.6%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	76,854	5,271	5,471	3,848	81.3	24	Feb 10, 2023	J-GAAP
Dec, 2023	78,152	4,082	4,303	-5,472	-118.2	25	Feb 19, 2024	J-GAAP
Dec, 2024 Guidance	70,000	4,100	4,400	2,800	60.6	30	Feb 19, 2024	J-GAAP
YoY	-10.4%	+0.4%	+2.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	20,141	1,377	1,479	861	18.6	6.8	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	19,990	663	750	-6,217	-134.3	3.3	Feb 19, 2024	J-GAAP
Jan - Mar, 2024	15,671	801	854	578	12.5	5.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	16,142	969	1,080	761	16.5	6.0	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	17,810	1,388	1,430	993	21.5	7.8	Nov 12, 2024	J-GAAP
YoY	-11.6%	+0.8%	-3.3%	+15.3%	+15.7%